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20130103
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the number of investigations especially of the clinton administration. what do you see as your legacy of that tenure? >> i think bill clinton, president clinton and secretary as secretary -- hilary as secretary of state do not like me very much. i was chair of the government oversight committee during the time we were investigating whitewater and we were investigating campaign contributions that came from sources outside the united states and from various people. there was an awful lot to that. we had people testifying like ohnny chonung, they had contributed money to gain favor with the white house. and they came into the kitchen at hong kong and said we wonder -- we like your president and we want to contribute to his campaign. the man who said that was the equivalent of the cia. these were people who were under oath and swore to this and we also had over 100 people take the fifth amendment or flee the country. there was a lot there. that is not to say that president clinton did not do some good things. he worked with newt gingrich and we got out from under some difficult financial
. awful people in the clinton administration. that is true. agreed. greed is good. hollywood movies are about greed. oliver stone tried to warn against it. instead, wall street bankers were imitating gecko, like war movies that create warmongers. at the same time, you had another explanation which had to do with the way in which the finance tapped into a competing power. -- into computing power to create complex derivatives. all that is true. but what is underlying this and the crisis and the reason why the world economy fails to recover is that this surplus recycling mechanism -- this weird, wonderful, audacious surplus recycling mechanism from 1971 which poker helped put together as the chairman of the fed -- which paul volcker helped put together is the chairman of the fed in the late 1970 fell and 1980's, it broke down. in 2008, when lehman brothers broke down, and the others followed and had to be bailed out by you, what happened was the united states of america lost its capacity to utilize its trade deficit in order to recycle other people's problems. -- profits. if you look a
is hard to measure. bill clinton signed in my nutrition bill for school breakfasts, to bring breakfasts to elementary schools, all kids, not just poor children. it was a study to prove that -- to prove something we know absolutely but it had to get proven scientifically. children who come to school with a full stomach or fed at school do way better in their studies and in their attendance and in their attitude and we proved it without a doubt. after three years, it because great study and it is there on the shelf but we can't afford to do anything about it. we're not going to see every elementary student -- kids eat at home but they eat pop tarts, elementary children. my kids eat breakfast. but we have to feed our children so they can think. >> 20 years ago when you first came to congress, you became known as the former welfare recipient who is now a member of congress. first of all, tell us, remind us why you were on welfare for a while. what do you think of that? >> well, i was on welfare because when my children were 1, 3, 5 years old, their father was diagnosed manic depressant and
'm here. to protect working american, the vulnerable and the middle class. at the end of the clinton administration we had $5 trillion in surplus and it went out the window with tax cuts, bush tax cuts, and wars that we could not pay for. so i stand here today to say that working class and the vulnerable have the unemployment insurance and earned income tax and cuts in their taxes that they really need. but we still have work to do. want to make sure that we restore some very serious cuts that impact on the health care of americans and we have work to do on the sequestration and our fight is the same fight with the alcio. we want to make sure that the working americans don't pay for the rich getting richer. we're going to cut against cuts and what we have to do today is to make sure that we can go forward. but we should not do it without the understanding that there's some restoration work and there's some fight work in the sequestration. it will not be done on the backs of those who cannot pay but we will work together as americans and that is what i hope we will see as we go forwar
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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